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Shares of IPG Photonics Corp. IPGP slipped 2.16% to $100.26 Friday, on what proved to be an all-around grim trading session for the stock market, with the S&P 500 Index SPX falling 0.93% to 3,961.63 and Dow Jones Industrial Average DJIA falling 0.43% to 31,899.29. The stock's fall snapped a five-day winning streak. IPG Photonics Corp. closed $120.25 below its 52-week high ($220.51), which the company achieved on August 2nd.
The stock demonstrated a mixed performance when compared to some of its competitors Friday, as Northrop Grumman Corp. NOC fell 0.43% to $451.85, Ciena Corp. CIEN fell 2.85% to $48.44, and II-VI Inc. IIVI fell 1.54% to $51.79. Trading volume (383,762) remained 273,950 below its 50-day average volume of 657,712.
Data source: Dow Jones Market Data, FactSet. Data compiled July 22, 2022.
(END) Dow Jones Newswires
July 22, 2022 17:00 ET (21:00 GMT)
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